e.u. Immobilien: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
e.u. Immobilien
Largest movements
- Tangible fixed assets -€44,213
down €44,213 (-3.7%), from €1.2m to €1.2m
- Receivables within one year -€30,776
down €30,776 (-47.4%), from €64,950 to €34,174
of which Trade receivables: -€51,125
- Cash -€25,498
down €25,498 (-87.7%), from €29,061 to €3,563
mainly Other debts (-€63,405) and Contributions, distributions and other (-€46,000)
- Other debts -€63,405
down €63,405 (-14.3%), from €444,916 to €381,511
- Debts after one year -€27,666
down €27,666 (-5.9%), from €472,492 to €444,827
- Financial income -€19,355
down €19,355 (-24.9%), from €77,659 to €58,304
- Gross operating margin +€17,897
up €17,897 (+41.8%), from €42,827 to €60,724
- Depreciation +€7,156
up €7,156 (+15.4%), from €46,405 to €53,562
- Taxes -€4,122
down €4,122 (-96.2%), from €4,287 to €165
- Other operating charges +€3,406
up €3,406 (+62.5%), from €5,451 to €8,858
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,568,654 | €1,475,181 | -€93,473 | -6.0% |
| Fixed assets | 21/28 | €1,202,210 | €1,157,947 | -€44,263 | -3.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,196,084 | €1,151,871 | -€44,213 | -3.7% |
| Land and buildings | 22 | €857,657 | €836,502 | -€21,154 | -2.5% |
| Furniture and vehicles | 24 | €9,888 | €7,275 | -€2,613 | -26.4% |
| Other tangible fixed assets | 26 | €328,539 | €308,093 | -€20,446 | -6.2% |
| Financial fixed assets | 28 | €6,126 | €6,076 | -€50 | -0.8% |
| Current assets | 29/58 | €366,444 | €317,234 | -€49,210 | -13.4% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €64,950 | €34,174 | -€30,776 | -47.4% |
| Trade receivables | 40 | €64,950 | €13,826 | -€51,125 | -78.7% |
| Other amounts receivable | 41 | - | €20,348 | +€20,348 | |
| Cash at bank and in hand | 54/58 | €29,061 | €3,563 | -€25,498 | -87.7% |
| Deferred charges and accrued income | 490/1 | €22,433 | €29,497 | +€7,064 | +31.5% |
| Total equity and liabilities | 10/49 | €1,568,654 | €1,475,181 | -€93,473 | -6.0% |
| Equity | 10/15 | €582,949 | €583,663 | +€714 | +0.1% |
| Contributions | 10/11 | €224,550 | €224,550 | = | 0.0% |
| Reserves | 13 | €358,399 | €359,113 | +€714 | +0.2% |
| Tax-exempt reserves | 132 | €496 | €496 | = | 0.0% |
| Distributable reserves | 133 | €357,903 | €358,617 | +€714 | +0.2% |
| Amounts payable | 17/49 | €985,705 | €891,518 | -€94,187 | -9.6% |
| Amounts payable after more than one year | 17 | €472,492 | €444,827 | -€27,666 | -5.9% |
| Financial debts | 170/4 | €472,492 | €444,827 | -€27,666 | -5.9% |
| Amounts payable within one year | 42/48 | €513,213 | €446,691 | -€66,521 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €34,878 | €27,666 | -€7,212 | -20.7% |
| Trade debts | 44 | €10,657 | €13,743 | +€3,086 | +29.0% |
| Suppliers | 440/4 | €10,657 | €13,743 | +€3,086 | +29.0% |
| Taxes, remuneration and social security | 45 | €22,762 | €23,772 | +€1,010 | +4.4% |
| Taxes | 450/3 | €22,762 | €23,772 | +€1,010 | +4.4% |
| Other amounts payable | 47/48 | €444,916 | €381,511 | -€63,405 | -14.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,405 | €53,562 | +€7,156 | +15.4% |
| Other operating charges | 640/8 | €5,451 | €8,858 | +€3,406 | +62.5% |
| Gross operating margin | 9900 | €42,827 | €60,724 | +€17,897 | +41.8% |
| Operating profit (loss) | 9901 | -€9,029 | -€1,695 | +€7,334 | +81.2% |
| Financial income | 75/76B | €77,659 | €58,304 | -€19,355 | -24.9% |
| Recurring financial income | 75 | €77,659 | €58,304 | -€19,355 | -24.9% |
| Financial charges | 65/66B | €10,299 | €9,730 | -€569 | -5.5% |
| Recurring financial charges | 65 | €10,299 | €9,730 | -€569 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €58,331 | €46,879 | -€11,452 | -19.6% |
| Income taxes | 67/77 | €4,287 | €165 | -€4,122 | -96.2% |
| Profit (loss) for the period | 9904 | €54,044 | €46,714 | -€7,330 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,044 | €46,714 | -€7,330 | -13.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.